Mega Millions jackpot grows to $1.2 billion after no winner Tuesday

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Mega Millions jackpot grows to $1.2 billion after no winner Tuesday
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THIS JUST IN: The Mega Millions jackpot has soared to $1.25 billion after no one matched all the numbers on Tuesday.

No one has won the Mega Millions jackpot since April 18, allowing it to grow larger and larger. The $1.25 billion prize is now one of the largest in U.S. history. Tuesday night's drawing for $1.1 billion was the 30th straight without a winner.The lottery drought is due to a combination of poor luck and terrible odds, as the chance of winning the Mega Millions jackpot is 1 in 302.6 million. The odds of winning smaller prizes, ranging from $2 to $1 million, are significantly better.

The new $1.25 billion jackpot is for a sole winner who chooses to collect through an annuity, with annual payments over 30 years. A sole winner who opts for a lump sum payment would receive an estimated $625.3 million.

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